As everyone learns to adapt to – and define – the ‘new normal’, there is a strong case to
suggest sustainable funds offer potential. Sandra Crowl, member of the Investment Committee and Stewardship Manager Carmignac: "Firms that truly value their stakeholder
relationships will be well placed to emerge stronger from this crisis"

Much of economic theory is built on assumptions of stable preferences, rational decision-making and infinite foresight. Despite myriad challenges to these assumptions, investment professionals still employ work-horse models built on expectations of rational behaviour. However, living through the unprecedented uncertainty surrounding the coronavirus crisis not only reminds us of our own fragility, it also demonstrates the fragility of our assumptions.